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As announced earlier, Huhtamäki Oyj intends to focus on packaging operations where it has a competitive advantage, good market positions and which create value for Huhtamaki and its customers. Therefore, the reporting segments will be revised to reflect the new strongholds.
The current five segments (Flexibles and Films Global, Rigid Europe, Molded Fiber Europe, Rigid and Molded Fiber Americas and Rigid and Molded Fiber Asia-Oceania-Africa) will be replaced by six new reporting segments as of January 1, 2009. The new segments are:
Flexibles Global Flexibles business is organized as a global segment. Flexibles are used for food and pet food packaging as well as non-food consumer packaging.
Films Global Films business is organized as a global segment. Films are mainly used for technical applications in the label, adhesive tape, hygiene and health care industries, as well as building and construction, automotive, packaging and graphic arts industries.
North America The segment includes the Rigid and Molded Fiber business in North America and Mexico. Rigid paper and plastic packaging, which serves ice-cream and other consumer goods as well as foodservice markets, is completed with Molded Fiber Chinet® disposable tableware products.
Rough Molded Fiber Global The segment includes the Rough Molded Fiber business in Europe, Oceania, Africa and South America. Rough molded fiber is used to make fresh product packaging, such as egg and fruit packaging.
Foodservice Europe-Asia-Oceania Foodservice paper and plastic disposable tableware is supplied to foodservice operators and fast food restaurants.
Rigid Consumer Goods Plastics The segment includes the Rigid Consumer Goods Plastics business in Europe, Oceania and South America. Rigid plastic packaging serves the consumer goods markets with fresh food, dairy, ice cream and edible fats packaging.
The Interim Report Jan 1 - March 31, 2009 will be according to the new structure. 2008 pro forma figures based on the new segment structure will be published prior to the Interim Report Jan 1 - March 31, 2009.
For further information, please contact: Mr. Timo Salonen, CFO, Tel. +358(0)10 686 7880
HUHTAMÄKI OYJ Group Communications
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2007 net sales totaling EUR 2.3 billion. Foodservice and consumer goods markets are served by some 15,000 people in 65 manufacturing units and several sales offices in 35 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and is listed on the OMX Nordic Exchange Helsinki. Additional information is available at www.huhtamaki.com.
